"The effect of 'good news fully priced in is bad news' suggests that the market may have already priced in the positive expectations, making the data release a point for profit-taking.
Concerns about economic growth slowdown: Although the inflation data is positive, negative GDP growth and weak employment data have raised market concerns about the economic outlook, limiting the upside potential for risk assets, which is why there was no breakthrough of the large bearish candle above 8 last night.
Uncertainty in policy: The tariff policies of the Trump administration and the direction of the Federal Reserve's monetary policy are fraught with uncertainty, increasing market volatility.